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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: russwinter7/22/2005 10:01:14 AM
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Fed does a sizeable drain, 13.5 repo going off, replaced with 6.75. Need to start getting ready for next rate hike (the killer) in two weeks if that's the plan. Easy Al sure indicated so with his rhetoric this week?
ny.frb.org

FCBs holdings in the latest week, were at 3,407 vs about 4 billion average. Sold Treasuries, but bought 4.048 more agency Old Maid cards.

Question of the day, can the Perpetual Motion Machine maintain the 12-15% annualized debt growth neccessary to keep consumers in the game, and service all the old debt to boot?
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